177 Bank St · Lebanon Junction, KY 40150

$95,500

2 bd · 1.0 ba · 987 sqft · SingleFamily public records · 43 Days on market

Est $163k · 41% under

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +20.1/30.0
• ARV discount +15.0/15.0
• DSCR +6.4/10.0
• 1% rule +4.6/10.0
• Livability +3.2/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

ATTENTION INVESTORS AND FIRST TIME HOME BUYERS! This is a very well kept 2 bedroom, 1 bath home with an eat-in-kitchen, covered front porch and rear patio. New flooring, carpet and paint. MOVE-IN ready! *AGE CAN NOT BE VERIFIED PER PVA* Call to schedule your appointment today!

Key facts

• Furnished home
• Back yard
• Mature shade trees

Tags

• BACK YARD
• MATURE SHADE TREES
• FURNISHED HOME

Property features AI

Finance

• Other: Directions provided for access via I-65 South to Hwy 61 and Hwy 434
• HOA & community: No association fee

Exterior

• Parking: Driveway parking
• Utilities: Electricity connected; Propane
• Home design: Single-family ranch-style home; One story
• Construction: Vinyl siding with wood frame construction; Metal roof; Year built listed as 9999
• Exterior features: Lot is cleared and level; Flood insurance required; Lot dimensions approximately 170 x 58.5 x 170 x 83.5

Interior

• Kitchen: Kitchen located on the first floor
• Bedrooms: 2 bedrooms on the first floor
• Bathrooms: 1 full bathroom on the first floor
• Heating & cooling: Forced-air heating (propane); Wall/window cooling unit(s)
• Interior features: Total of 4 main rooms; 2 closets; No basement; First-floor laundry
• Laundry & utility: First-floor laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $96k.

Deal economics

• At list price, monthly cash flow is $118 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $91k (4.4% below list).
• Recommended offer: $91k (4.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 64/100 on livability (#282 in KY) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools D, amenities F, commute F.
• Bullitt County (suburban): math 29% / reading 41% proficiency, ranked #55 of 165 in KY (top 33%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 45 active listings in the ZIP; 380 units permitted in Bullitt County in 2024 (8 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $660 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Bullitt County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 43 days — a 3% lower offer ($93k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 11y ago; this cycle's ask has dropped $14k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $60k; list at $96k implies a 59% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $91,286 (4.4% below list)

Questions for the listing agent

1. It's been on market 43 days. Have you received any prior offers? Is the seller open to a 4% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.96% ✗
• Cap rate: 7.78%
• Cash-on-cash: 5.30%
• DSCR: 1.24
• GRM: 8.7

CMA / ARV

• ARV (on-the-fly): $162,855
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
682 Main St	0.12mi	2/1.0	975 (-1%)	10mo	$100,000	$103	84
500 Church St	0.28mi	2/1.0	1,004 (+2%)	7mo	$169,000	$168	78
671 Main St	0.13mi	3/1.0 (+1)	976 (-1%)	22mo	$159,000	$163	69
260 Walnut St	0.09mi	2/1.0	900 (-9%)	17mo	$84,950	$94	67
294 W Oak St	0.26mi	2/1.0	1,002 (+2%)	23mo	$150,000	$150	66
11458 S Preston Hwy	0.41mi	2/1.0	957 (-3%)	12mo	$190,000	$199	66
345 Church St	0.12mi	2/1.0	840 (-15%)	7mo	$140,000	$167	64
874 Main St	0.30mi	2/1.0	890 (-10%)	9mo	$50,000	$56	62
133 Pope St	0.35mi	2/2.0	936 (-5%)	18mo	$157,000	$168	56
501 Highway 434	0.50mi	3/1.0 (+1)	1,063 (+8%)	6mo	$175,000	$165	54
11233 SW Preston Hwy	0.57mi	2/1.0	890 (-10%)	13mo	$127,600	$143	46
169 Thompson Ave	0.40mi	3/1.0 (+1)	1,100 (+11%)	14mo	$220,000	$200	46

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -8.1%
• Equity multiple: 0.70×
• Total profit: $-7,981
• Equity at exit: $14,239

10-year hold

• IRR: 1.4%
• Equity multiple: 1.10×
• Total profit: $2,641
• Equity at exit: $8,257

Cash invested: $26,740 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State Kentucky: 83 Strongly Landlord-Friendly · R+16
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit (URLTA cities); generally landlord-friendly.

Methodology + full state rankings →

ZIP-level market 40150

• Home prices YoY: -11.5%
• Active inventory: 45
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $913 medium
• Mortgage (P&I): −$501
• Tax from tax record: −$63 /mo · $751/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$192
• Net cashflow: $118

Break-even live

Break-even rent $763

Max offer price $95,500

Occupancy floor 82%

Sensitivity live

Price	-10% $172	-5% $145	+0% $118	+5% $91	+10% $64
Rent	-10% $46	-5% $82	+0% $118	+5% $154	+10% $190
Rate	-1.0pp $166	-0.5pp $142	base $118	+0.5pp $93	+1.0pp $68

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $23,875
• Closing costs: $2,865
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-16
   statusdays on market $95,500 Pending 43 DOM
2. 2026-06-15
   days on market $95,500 Active 42 DOM
3. 2026-06-13
   days on market $95,500 Active 40 DOM
4. 2026-06-10
   days on market $95,500 Active 37 DOM
5. 2026-06-09
   days on market $95,500 Active 36 DOM
6. 2026-06-08
   days on market $95,500 Active 35 DOM
7. 2026-06-07
   days on market $95,500 Active 34 DOM
8. 2026-06-03
   days on market $95,500 Active 30 DOM
9. 2026-06-02
   days on market $95,500 Active 29 DOM
10. 2026-06-01
    days on market $95,500 Active 28 DOM
11. 2026-05-31
    days on market $95,500 Active 27 DOM
12. 2026-05-02
    listed $109,900 Active
13. 2015-07-27
    soldstatus $59,900 Closed 277-char remark

    Show marketing remark (277 chars)

    ATTENTION INVESTORS AND FIRST TIME HOME BUYERS! This is a very well kept 2 bedroom, 1 bath home with an eat-in-kitchen, covered front porch and rear patio. New flooring, carpet and paint. MOVE-IN ready! *AGE CAN NOT BE VERIFIED PER PVA* Call to schedule your appointment today!

14. 2015-07-27
    soldstatus $59,900

    Show marketing remark (277 chars)

    ATTENTION INVESTORS AND FIRST TIME HOME BUYERS! This is a very well kept 2 bedroom, 1 bath home with an eat-in-kitchen, covered front porch and rear patio. New flooring, carpet and paint. MOVE-IN ready! *AGE CAN NOT BE VERIFIED PER PVA* Call to schedule your appointment today!

15. 2015-06-09
    status Pending 277-char remark

    Show marketing remark (277 chars)

    ATTENTION INVESTORS AND FIRST TIME HOME BUYERS! This is a very well kept 2 bedroom, 1 bath home with an eat-in-kitchen, covered front porch and rear patio. New flooring, carpet and paint. MOVE-IN ready! *AGE CAN NOT BE VERIFIED PER PVA* Call to schedule your appointment today!

16. 2015-04-02
    listed $59,900 Active 277-char remark

    Show marketing remark (277 chars)

    ATTENTION INVESTORS AND FIRST TIME HOME BUYERS! This is a very well kept 2 bedroom, 1 bath home with an eat-in-kitchen, covered front porch and rear patio. New flooring, carpet and paint. MOVE-IN ready! *AGE CAN NOT BE VERIFIED PER PVA* Call to schedule your appointment today!

17. 2000-02-18
    soldstatus $11,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast KY · Resets to sale price

• Current annual tax: $751 · $63/mo
• Projected year-2 tax: $821 · $68/mo
• Expected delta: +$71/yr (+$6/mo · 9.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,954
• − Mortgage interest: −$5,349
• − Property taxes: −$751
• − Insurance: −$478
• − Repairs & maintenance: −$876
• − Management: −$876
• − Depreciation: −$2,778
• Taxable loss: −$154
• Est. tax savings @ 24.0%: +$37
• After-tax cash flow: $1,453/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Bullitt County
• NCES district ID: 2100750
• Math proficiency: 29% ▼ -15.00%
• Reading proficiency: 41% ▼ -14.00%
• Median HH income: $55,009
• Composite: 30.78/100
• National rank: #6151
• State rank: #55 of 165 in KY

Livability — Lebanon Junction

• Score: 64/100
• State rank: #282
• US rank: #13721

Category grades

Amenities F Commute F Cost of living A+ Crime A+ Employment F Housing A+ Health & safety F User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lebanon Junction, KY
• Population (ZIP): 4,824

Population outlook (Bullitt County) Hauer SSP2

• Today (2025): 89,555 people
• By 2030: 94,389 · +5.4%
• By 2040: 102,759 · +14.7%
• By 2050: 108,955 · +21.7%
• By 2075: 121,898 · +36.1%
• By 2100: 126,383 · +41.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 5% Hispanic / Latino 2%
• Common ancestry: Slovak 1% Italian 1% Serbian 1%
• Foreign-born: 1%
• Languages at home: 99% English-only · Tagalog/Filipino 1%

Political lean MEDSL · Bullitt

• 2024 margin: Solid R (+51.0) · D 23.8% · R 74.8% · Other 1.4%
• 2008→2024 swing: -18.7pp toward R · 2008: -32.3pp · 2024: -51.0pp
• All cycles: 2024: R+51.0 2020: R+48.0 2016: R+49.8 2012: R+35.7 2008: R+32.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -42.66%
• Current HPI: 328.207
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.81%
• F500 in state: 4

Industry mix (Fortune 500 HQ in KY)

Industry	F500 HQs	Revenue
▸Healthcare	1	$118B
▸Food / Beverage	1	$7B

Price history

+899.1% since first listed

6 events — show timeline

• 2026-05-02 Listed $109,900 Metro Search MLS
• 2015-07-27 Sold (Public Records) $59,900 Public Records
• 2015-07-27 Sold (MLS) $59,900 Metro Search MLS
• 2015-06-09 Pending — Metro Search MLS
• 2015-04-02 Listed $59,900 Metro Search MLS
• 2000-02-18 Sold (Public Records) $11,000 Public Records

Property tax history

+10.1%/yr

Latest (2025): $751 · +19.3% YoY. Source: county tax records.